PENN Entertainment (PENN) announced a new corporate organizational structure designed to reflect the company’s strategic priorities. The new structure includes the realignment of the company’s interactive focus on digital assets in Canada and the Hollywood iCasino product in the U.S. to further leverage core retail casino business and overall omnichannel business model. PENN Entertainment (PENN) also announced a series of management moves related to the new realignment, including the elimination of two vice president-level positions.
In addition to the corporate organizational structure, PENN Entertainment (PENN) is also evaluating additional opportunities to strengthen and streamline its operations. The casino operator plans to provide an update when it reports its fourth quarter 2025 financial results in February 2026, including the anticipated annualized cost savings and improved free cash flow generation related to the new corporate organizational structure and optimization initiatives.
“As we turn the calendar to 2026, we are restructuring our corporate organization in order to achieve greater operational efficiencies, deepen customer engagement across channels, maximize free cash flow, and drive shareholder value,” highlighted CEO Jay Snowden.
Shares of PENN (PENN) are down 24% over the last 52 weeks.